FX.co ★ AUD/USD

On the AUDUSD pair on Friday, sellers reached a key level by preventing a breakout of the four-hour trading range to the upside and simultaneously keeping the price below the Envelopes selling zone on the hourly timeframe under the resistance level of 0.6659. This sets up a classic scenario for a continuation of selling on the AUDUSD pair. Therefore, I am inclined towards selling the AUDUSD pair starting from Monday and will be waiting for a price decrease from the current levels of 0.6653 towards the support level at 0.6592, which corresponds to the maximum price deviation from the mean line in a flat trading range mode.